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Orion Capital Management LLC — 13F Holdings & Portfolio

CIK 1846758 · latest 13F-HR filed 2026-08-18

Backtest portfolio

Orion Capital Management LLC manages $323.5M in 13F-reported U.S. long-equity assets across 516 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (8.23%), JAAA (8.12%), SGOV (7.76%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 50 new positions and exited 28; 275 existing positions rose in reported value and 85 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$323.5M

Long-equity book

Holdings
516

Distinct positions

Period
2026-06-30

Filed 2026-08-18

Q/Q Activity
+50 / −28 / ↑275 / ↓85

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IVV8.3% · -3%JAAA8.2% · +11%SGOV7.8% · -29%AVUS5.5% · +4%AAPL4.0% · -1%DSTL3.2% · -3%AVDE2.9% · +26%VIG2.7% · -5%GOOG2.4% · -0%JPST2.2% · +2113%AVUV2.0% · +6%AMZN2.0% · -2%RSP1.9% · +0%NVDA1.4% · +4%DFAC1.3% · -1%MSFT1.2% · -2%AVLV1.2% · +11%VYM1.2% · -1%ISRG1.1% · -6%AMD1.0% · +0%GOOGL1.0% · -1%SCHD0.9% · -15%AVDV0.9% · +16%BE0.9% · -10%JPM0.8% · 0%ORLY0.8% · -1%SPYM0.8% · +209%COST0.7% · -0%FTNT0.7% · -0%ABBV0.6% · +0%IJH0.6% · -4%VNQ0.6% · +3%ETN0.6% · 0%QCOM0.6% · -7%PJAN0.6% · -0%AVEM0.5% · +40%ICSH0.5% · newLLY0.5% · -0%PAUG0.5% · 0%XBAP0.5% · +0%MS0.5% · -4%AVIG0.5% · +18%VEEV0.4% · -2%MRVL0.4% · +5%DELL0.4% · -2%MU0.4% · newJNJ0.4% · 0%POCT0.4% · -3%SPSB0.4% · +11%FSLR0.4% · 0%RTX0.4% · +0%IJR0.4% · -2%V0.3% · -9%QQQM0.3% · -4%COF0.3% · +10%BAC0.3% · -5%MRK0.3% · +0%VOO0.3% · +16%PNOV0.3% · -1%VTI0.3% · +7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 47.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$571.0M
Discretionary
$293.3M
Employees
11
Accounts
310
Address
1430 SPRING HILL ROAD
#320
MCLEAN, VA 22102
Phone
(703) 720-5990
Website
Name Title / Status Ownership Type
BENOIT, MICHAEL, STEVEN ControlCHIEF COMPLIANCE OFFICER5–10%Individual
DIMEO SCHNEIDER & ASSOCIATES HOLDINGS, LLC ControlOWNER MEMBER50–75%Domestic Entity
FARRUK, AHMED, OSMAN ControlDEPUTY MANAGING DIRECTORLess than 5%Individual
FISHER, WILL, STRATTON ControlDIRECTORLess than 5%Individual
MADISON DEARBORN CAPITAL PARTNERS VI-A, L.P. ControlOWNER25–50%Domestic Entity
MADISON DEARBORN PARTNERS ControlGENERAL PARTNERGeneral partnerDomestic Entity
MADISON DEARBORN PARTNERS VI-A&C, L.P. ControlGENERAL PARTNERGeneral partnerDomestic Entity
NFP CORP. ControlOWNER50–75%Domestic Entity
NFP HOLDINGS, LLC ControlOWNER75% or moreDomestic Entity
NFP INTERMEDIATE HOLDINGS A. CORP. ControlOWNER75% or moreDomestic Entity
NFP INTERMEDIATE HOLDINGS B. CORP. ControlOWNER75% or moreDomestic Entity
NFP PARENT CO, LLC ControlOWNER75% or moreDomestic Entity
NFP ULTIMATE HOLDINGS, LLC ControlOWNER75% or moreDomestic Entity
OLCOTT, ROBERT, LYMON ControlMANAGING DIRECTORLess than 5%Individual
OLCOTT CONSULTING GROUPMANAGING MEMBERLess than 5%Domestic Entity

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Orion Capital Management LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR IVV 464287200 $26.6M 8.23% 35,555 SH
2 JANUS DETROIT STR TR JAAA 47103U845 $26.3M 8.12% 520,220 SH
3 ISHARES TR SGOV 46436E718 $25.1M 7.76% 249,387 SH
4 AMERICAN CENTY ETF TR AVUS 025072885 $17.7M 5.47% 138,104 SH
5 APPLE INC AAPL 037833100 $12.9M 3.99% 44,626 SH
6 ETF SER SOLUTIONS DSTL 26922A321 $10.3M 3.20% 172,714 SH
7 AMERICAN CENTY ETF TR AVDE 025072703 $9.3M 2.88% 104,491 SH
8 VANGUARD SPECIALIZED FUNDS VIG 921908844 $8.6M 2.67% 36,457 SH
9 ALPHABET INC GOOG 02079K107 $7.8M 2.42% 22,133 SH
10 J P MORGAN EXCHANGE TRADED F JPST 46641Q837 $7.0M 2.16% 138,036 SH
11 AMERICAN CENTY ETF TR AVUV 025072877 $6.4M 1.99% 51,585 SH
12 AMAZON COM INC AMZN 023135106 $6.3M 1.96% 26,553 SH
13 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $6.2M 1.91% 29,090 SH
14 NVIDIA CORPORATION NVDA 67066G104 $4.5M 1.38% 22,346 SH
15 DIMENSIONAL ETF TRUST DFAC 25434V708 $4.2M 1.29% 94,423 SH
16 MICROSOFT CORP MSFT 594918104 $4.0M 1.23% 10,682 SH
17 AMERICAN CENTY ETF TR AVLV 025072349 $4.0M 1.22% 43,377 SH
18 VANGUARD WHITEHALL FDS VYM 921946406 $3.8M 1.16% 23,780 SH
19 INTUITIVE SURGICAL INC ISRG 46120E602 $3.6M 1.12% 9,071 SH
20 ADVANCED MICRO DEVICES INC AMD 007903107 $3.3M 1.03% 5,726 SH
21 ALPHABET INC GOOGL 02079K305 $3.1M 0.95% 8,619 SH
22 SCHWAB STRATEGIC TR SCHD 808524797 $3.0M 0.94% 96,008 SH
23 AMERICAN CENTY ETF TR AVDV 025072802 $3.0M 0.93% 29,243 SH
24 BLOOM ENERGY CORP BE 093712107 $2.9M 0.90% 9,606 SH
25 JPMORGAN CHASE & CO JPM 46625H100 $2.6M 0.81% 8,024 SH
26 OREILLY AUTOMOTIVE INC ORLY 67103H107 $2.5M 0.76% 26,646 SH
27 SPDR SERIES TRUST SPYM 78464A854 $2.4M 0.76% 27,856 SH
28 COSTCO WHOLESALE CORPORATION COST 22160K105 $2.2M 0.68% 2,336 SH
29 FORTINET INC FTNT 34959E109 $2.1M 0.65% 13,705 SH
30 ABBVIE INC ABBV 00287Y109 $2.0M 0.63% 8,139 SH
31 ISHARES TR IJH 464287507 $2.0M 0.61% 25,780 SH
32 VANGUARD INDEX FDS VNQ 922908553 $2.0M 0.61% 20,524 SH
33 EATON CORP PLC ETN G29183103 $1.9M 0.60% 4,524 SH
34 QUALCOMM INC QCOM 747525103 $1.8M 0.56% 9,884 SH
35 INNOVATOR ETFS TRUST PJAN 45782C508 $1.8M 0.56% 36,898 SH
36 AMERICAN CENTY ETF TR AVEM 025072604 $1.7M 0.53% 17,699 SH
37 ISHARES TR ICSH 46434V878 $1.7M 0.52% 33,167 SH
38 ELI LILLY & CO LLY 532457108 $1.7M 0.52% 1,396 SH
39 INNOVATOR ETFS TRUST PAUG 45782C680 $1.6M 0.49% 34,915 SH
40 INNOVATOR ETFS TRUST XBAP 45783Y301 $1.5M 0.48% 36,891 SH
41 MORGAN STANLEY MS 617446448 $1.5M 0.47% 7,350 SH
42 AMERICAN CENTY ETF TR AVIG 025072562 $1.5M 0.45% 35,372 SH
43 VEEVA SYS INC VEEV 922475108 $1.4M 0.43% 7,910 SH
44 MARVELL TECHNOLOGY INC MRVL 573874104 $1.4M 0.42% 4,604 SH
45 DELL TECHNOLOGIES INC DELL 24703L202 $1.3M 0.41% 3,079 SH
46 MICRON TECHNOLOGY INC MU 595112103 $1.3M 0.40% 1,125 SH
47 JOHNSON & JOHNSON JNJ 478160104 $1.3M 0.40% 5,098 SH
48 INNOVATOR ETFS TRUST POCT 45782C797 $1.2M 0.38% 26,604 SH
49 SPDR SERIES TRUST SPSB 78464A474 $1.2M 0.38% 40,991 SH
50 FIRST SOLAR INC FSLR 336433107 $1.2M 0.38% 5,170 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-18 $323.5M 516 0001846758-26-000003
2026-03-31 2026-05-14 $290.3M 489 0001846758-26-000002
2025-12-31 2026-02-03 $297.4M 498 0001846758-26-000001
2025-09-30 2025-10-31 $287.8M 553 0001846758-25-000003
Filer Information
Address
1330 ORANGE AVENUE
SUITE 302
CORONADO, CA 92118
Phone
(619) 319-0520
Filing Manager
Orion Capital Management LLC
CORONADO, CA
Signatory
Peter C. Thoms
Managing Member